Rubinstein, Ariel; Safra, Zvi; Thomson, William - In: Econometrica 60 (1992) 5, pp. 1171-86
This paper questions the interpretation of the Nash bargaining solution. A new definition is suggested. Revisions of Nash axioms characterize the solution. The definition makes possible its extension to non-expected-utility preferences. It also reveals the logic behind the comparative statics of...